USDZAR UP!It can be seen that this configuration has a great potential for return against risk. Cheers!
USDZAR
UASDZAR looking to put in a bottomwe have finally reached the weekly supply zone that we have been waiting for since june. Momentum is still strong, so you wold expect to see some sort of basing/accumulation forming at these levels. Looking at the daily chart, we can see them starting to slow it down, however, we will look for the weekly to continue to hold support.
USDZAR long analysisUSDZAR long analysis
-Long idea
- BUY 15.33500
- SL 15.25000
- TP1 15.65000
- TP2 15.77000
USDZAR Buy SetUpUSDZAR broke out of a channel, and will push to the upside
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USDZAR Going Long After Elections If Trump wins we will definitely go long and if Biden wins dollar may drop more either way the place where I find a solid structure for a buy is above 15500 where also is the main support trendline.
USDZAR - Trend Change and Diversion in place - Swing Trade 📍 10+ years experience in markets
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KEY NOTE - SPECULATIVE SETUP - not a financial advise - do your own analysis
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⏳ 1 day Chart analysis
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USDZAR video top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for USDZAR, feel free to request any pair/instrument or ask any questions in the comment section below.
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USDZAD LONG - PRICE HAS REACHED WEEKLY TREND LINE AND SUPPORT!Price has been moving with strong bearish momentum on the weekly chart since we broke out of the support area in early November. We have now reached previous weekly support and a weekly trend line and if we see a strong shift from the bears to the bulls we could start to see the overall bullish trend for USDZAR start to resume again and give us a swing to test the previous support, now turned resistance that we broke out of in early November.
Usd/Zar Possible retracement to around 15.50 before a move towards 14.60 in the new year.
Waiting for a crossover buy signal on the MACD but the indicator should turn positive soon. Elliott wave oscillator is expected to hit the upper downward trend line before breaking the wedge to the downside.
USD:ZAR Wait for a reversal?USD/ZAR Analysis Based on price Action.
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USDZAR NEXT POSSIBLE MOVEThe ZAR has been extremely resilient after the Covid19 selloff earlier this year when we saw R19+.the current levels look attractive long term to take USD/Offshore exposure to maintain the technical trend then it will be on sell .Stock markets under fears of new lockdowns due to the rising virus cases The strong Selling on the Stock markets upon the hearing of tax news, is a Bullish mix and it has to rebounce back . Given we are back to levels pre-Covid19 with a poorer performing economy, higher unemployment and debt levels etc..
